ITI Limited has reported its unaudited financial results for the second quarter of FY25, reflecting a substantial increase in revenue but continued losses.
Key Financial Highlights for Q2 FY25:
- Revenue from Operations: ITI Limited recorded revenue from operations of ₹1,016.2 crore in Q2 FY25, a significant increase from ₹246.47 crore in Q2 FY24 and also up from ₹519.98 crore in Q1 FY25.
- Total Income: Including other income, total income for Q2 FY25 reached ₹1,030.87 crore, up from ₹256.08 crore in the same quarter last year, showing strong year-over-year growth.
- Loss Before Tax (LBT): The company’s loss before tax for Q2 FY25 stood at ₹70.33 crore, compared to a loss of ₹126.64 crore in Q2 FY24, marking a slight reduction in losses.
- Net Loss: ITI Limited reported a net loss of ₹70.33 crore for Q2 FY25, compared to a net loss of ₹126.64 crore in Q2 FY24, reflecting a marginal improvement in profitability.
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